Sustained higher oil prices are expected to spur higher U.S. oil output this year, JP Morgan analysts said in a weekly note. “At current prices, most U.S. onshore operators are Continue Reading
Joe Biden’s $1.9 trillion stimulus plan isn’t just boosting the U.S., it’s also helping economies around the world. The latest forecasts from the OECD included huge upgrades for 2021, thanks in Continue Reading
Nearly a month after an Arctic blast knocked out more than 18 of 30 Texas refineries, and almost 5 million barrels a day of crude-processing capacity, all but two sites Continue Reading
President Biden and Vice President Kamala Harris met virtually with Prime Minister Narendra Modi of India, Prime Minister Scott Morrison of Australia, and Prime Minister Yoshihide Suga of Japan at Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States fell by 1 this week. The total number of active oil and gas Continue Reading
Current oil prices are high enough to warrant increased U.S. shale activity in the second half of the year if prices hold around these levels, according to JP Morgan. “At Continue Reading
The Sierra Club and several other environmentalist organizations are suing Kern County in California for approving a revised ordinance that will allow for the drilling of several thousand new oil Continue Reading
As a growing number of Wall Street banks and virtually all major asset managers declare their shift away from fossil fuel investments, the Texas Senate is striking back with a Continue Reading
Saudi Arabia’s bet that the golden age of U.S. shale is over appears to be a safe one — for now, at least. A round-up of data on shale drillers Continue Reading
Shell doubled its crude and refined products trading profits in 2020 from 2019, with its trading offsetting some of the negative effects of the collapse in refining margins and fuel Continue Reading
